When it comes to selling/reselling online, many people have a love/hate relationship with eBay. When we first transitioned from part-time selling to full-time we doubled our sales in the very first month. We worked long hours and put everything that we could back into the business to purchase more inventory, keeping out only enough for rent. At the end of the month, we were hit with a $600 invoice from eBay...crap. We hadn't kept out the money to pay our fees! While eBay didn't leave us with any money for rent, they did leave us with lots of questions. We thought we had a pretty thorough understanding of what we were paying eBay...but how much does eBay REALLY take?
Now that we've been around for longer, we understand that our situation was not unique. Many first time sellers (or experienced sellers trying to expand their operations) are shocked by the amount that eBay charges for selling on their platform. In order to fully understand eBay fees (and avoid suspensions, bans, etc.) we'll need to pick through the nitty-gritty that isn't on eBay's front page.
Recently my wife and I were wandering around a pawn shop (as we're wont to do) and we came across an interesting display of plates! They were extremely beautiful but this beauty came at a steep price, $100 per plate or $500 for the set of six. Well out came our phones so we could check if anything similar has sold on eBay in the past couple months. Sure enough! A similar set of 6 had sold for (what appeared to be) $1,395 plus shipping! Now did we have $500 sitting around to spend on 6 plates? No, but if that could be translated into a quick $800 payoff then by George we could do it. Fortunately we didn't get quite swept up into our self-created hype and put in our due diligence before carrying the plates up to the register. Check out how we discovered the much less exciting amount the plates actually sold for...
My wife and I are a young couple, still in school, and doing our best not only to make ends meet, but to excel! We feel like we have so much to offer and can kick this world's butt if we can just get on our feet. Join our journey!